Macronix - Investor Presentation 2024

旺宏電子 2024 年第一季法人說明會

April 30, 2024

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`免責聲明`

本簡報與會議中之討論內容包含有關於旺宏電子(股)公司營運、財務狀況與對未來
預期之前瞻性描述，此前瞻性描述將受到已知與未知不確定因素與風險的影響，而造成
。
實際結果與前瞻性描述中預期或暗示的結果可能存在重大差異

前述之不確定性因素與風險包含但不限於競爭產品/價格競爭的影響、客戶對公司
產品設計之接受度、公司即時的引進新技術、公司對新產品的即時量產能力、整體半導
。
體產業供需的轉變、產能過剩、產能供給、終端市場的財務狀況及其他等等風險

本簡報與會議內容中之前瞻性描述乃反映目前本公司對整體營運之看法，旺宏電子
(股)免除日後更新、通知之責任。

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1Q24 `營運概況`

1Q24 4Q23 1Q23 營收淨額 NT$ 5.8 NT$5.8 NT$ 7.1 (NT$ 十億 ) 營業毛利率 19.8% 19.1% 25.1% 營業淨利率 (22.6%) (19.8%) (6.2% )

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1Q24 `合併綜合損益比較表`

`單位：新台幣佰萬元` (`每股盈餘為元`) `營業收入淨額` `營業毛利` `營業毛利率` `營業費用` `營業淨(損)利` `營業淨利率` `營業外收`(`支`) `稅前淨(損)利` `所得稅利益(費用)` `本期淨(損)利`	1Q24 4Q23 1Q23	QoQ YoY
	5,760 5,808 7,104 1,142 1,111 1,786 19.8% 19.1% 25.1% (2,444) (2,260) (2,225) (1,302) (1,149) (439) (22.6%) (19.8%) (6.2%) 105 20 51 (1,196) (1,129) (388) 118 122 33 (1,079) (1,007) (355)	(1%) (19%) 3% (36%) 0.7ppt (5.3ppt) 8% 10% 13% 196% (2.8ppt) (16.4ppt) 6% 208% 7% 204%
`基本每股盈餘`--NT$	(0.58) (0.54) (0.19)
EBITDA EBITDA % `流通在外加權平均股數`(`佰萬股`)	76 (7) 755 1% (0%) 11% 1,854 1,854 1,854

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`營收及毛利率`

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2020 2021 2022 2023
39,801M 50,573M 43,487M 27,624M
Sales
NTD M Net Sales Gross Margin% Margin%
16,000 80%
14,974
14,545
12,000 11,427 11,598 11,340 11,471 60%
10,957
10,158
9,627
9,415 9,271
9,078
47% [48%] [48%]
8,000 44% 7,104 7,429 7,283 40%
43%
39%
5,808 5,760
35% [36%]
32% [34%] 34%
31%
28%
4,000 25% 24% 20%
19% [20%]
0 0%
1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q 1Q24
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`公司價值`

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1Q24 1Q23
每股盈餘 -- NT$ (0.58) (0.19)
每股淨值 -- NT$ 25.79 28.38
每股盈餘每股淨值
NTD NTD
(0.92)
NT$ 1.8
30.0
cash dividend
28.38
0.04
26.70
26.43
26.07
1Q23 2Q 3Q 4Q 1Q24 25.79
(0.19)
(0.22)
(0.54) (0.58) 25.0
1Q23 2Q 3Q 4Q 1Q24
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`股東權益報酬率` (GAAP)

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Annualized ROE - Reported Net Income / Sales
16%
13%
-9.0%
-5%
2017 2018 2019 2020 2021 2022 2023 1Q24
2017 2018 2019 2020 2021 2022 2023 1Q24
(LTM)
(LTM)
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Sales / Total Assets 63% 184% 33% 2017 2018 2019 2020 2021 2022 2023 1Q24 (LTM)

Total Assets / Total Equity 159%

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2017 2018 2019 2020 2021 2022 2023 1Q24
(LTM)
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1Q24 `合併簡明資產負債表`

`單位：新台幣佰萬元` `(每股淨值為元)`	3/31/'24	12/31/'23	3/31/'23
`現金及約當現金`	10,719	11,906	14,999
`存貨(淨額)`	13,158	13,369	14,959
`不動產、廠房及設備`	41,802	41,498	39,914
`總資產`	77,876	77,811	81,740
`短期應計息負債`	3,263	2,117	5,325
`長期應計息負債`	17,724	17,347	8,790
`總負債`	30,071	29,485	29,132
`負債佔資產比率`(%)	38.6%	37.9%	35.6%
`股東權益`	47,804	48,326	52,608
`每股淨值`-- NT$	25.79	26.07	28.38

Note: 期末流通在外股數 ( 佰萬股 ) 1,854

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`自由現金流量及資本支出`

`單位：新台幣佰萬元`	1Q24	4Q23	1Q23
`營業活動之淨現金流入`	(1,255)	753	(425)
`折舊 & 攤銷`	1,199	1,060	1,076
`投資活動之淨現金流入(出)`	(1,511)	(1,439)	(2,689)
`資本支出`	(1,667)	(1,524)	(2,748)
`籌資活動之淨現金流入(出)`	1,501	(679)	(1,566)
`現金及約當現金淨增加`(`減少`)*	(1,186)	(1,527)	(4,765)

`期末現金及約當現金餘額`	10,719	11,906	14,999
`自由現金流量`**	(2,922)	(771)	(3,173)

* `現金淨變動包含匯率變動之影響數`

** 自由現金流量 = 營業活動現金流量 - 資本支出

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- `第一季銷售額分析產品別` ( `母公司` )

`單位:新台幣佰萬元`

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8,000
11%
9% 12% QoQ YoY
53% Change Change
4,000
NAND +33% -6%
58%
61%
NOR +8% -7%
ROM -27% -51%
30%
25%
18%
FBG +16% +10%
6% 8% 9%
0 * FBG (Foundry Business Group)
1Q23 4Q23 1Q24
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Business U date - At the To of Innovation p p

旺宏電子連續第三年入選 LexisNexis Legal & Professional 的全球 100 強，表彰全球領先的創新者和推動技術發展的動力
過去 35 年來，旺宏電子在非揮發性記憶體技術的研發上投入了大量資金。透過這些投資，旺宏電子已在全球獲得了 9,200 多項專利

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Source: LexisNexis Report on Innovation Momentum 2024: The Global Top 100 (2024/4)

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`營運現況` - ROM

 ROM Business

 `客戶主機產品週期已過高峰期`

終端消費者對遊戲需求回到疫情前消費季節模式

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Density shipment index: 1Q18 =100
400
348
309
259
245 [252 ] 247
236
228
222
212
196
187
200 177 185 179
163
142
137
124
113
100 94
75
67
64
0
1Q182Q 3Q 4Q1Q192Q 3Q 4Q1Q202Q 3Q 4Q1Q212Q 3Q 4Q1Q222Q 3Q 4Q1Q232Q 3Q 4Q1Q24
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`營運現況` - NOR

 NOR Business

回補庫存動能來自於伺服器以及儲存等應用
訂單趨勢逐步回升至 2022 年水準

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Density shipment index: 1Q19 =100
≧75 nm
246
55 nm
228
206
193 192
200
173
153 [164 ] [155 ]
151 148
141
133
118
108 108 [113 ] [120 ]
100 94 92
100
0
1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q 1Q24
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`車用的最佳` Flash Memory `解決方案`

 Auto business

業務依然強勁，尤其是先進應用的純電動車呈現穩定成長
高階車款應用需求持續維持成長

NOR Flash by Automotive Density shipment Index: 1Q18 =100

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329
283 [310] 280
300
254 257
240 [253]
233
214
201 206
192 188
154
138 [155] [155] 135
150
116 113
100 [109113]
91
0
1Q182Q 3Q 4Q1Q192Q 3Q 4Q1Q202Q 3Q 4Q1Q212Q 3Q 4Q1Q222Q 3Q 4Q1Q232Q 3Q 4Q1Q24
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`營運現況` – NOR `應用別分析` ( `母公司` )

4Q23 NOR Revenue Breakdown 1Q24 NOR Revenue Breakdown

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通訊相關 []
消費性電子
車用電子
16%
9%
27%
電腦相關工規 / 醫療 /
27% 航太
21%
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通訊相關 [ ]
消費性電子車用電子
17%
11%
24%
工規 / 醫療 /
電腦相關
航太
24%
24%
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電腦相關消費性電子通訊相關 +13% QoQ -8% QoQ -9% QoQ +1% YoY -3% YoY -24% YoY

車用電子工規/醫療/航太 +18% QoQ -9% QoQ +13% YoY -18% YoY

Note：[*] 通訊相關:包含手機應用

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For more information regarding Macronix http://www.macronix.com

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For all inquiries, suggestions and comments [email protected]

AI assistant

Macronix Investor Presentation 2024

52013_rns_2024-05-30_60efba89-9f29-431b-8c57-1a60d5ac0a15.pdf

`免責聲明`

1Q24 `營運概況`

1Q24 `合併綜合損益比較表`

`營收及毛利率`

`公司價值`

`股東權益報酬率` (GAAP)

Sales / Total Assets 63% 184% 33% 2017 2018 2019 2020 2021 2022 2023 1Q24 (LTM)

1Q24 `合併簡明資產負債表`

`自由現金流量及資本支出`

* `現金淨變動包含匯率變動之影響數`

- `第一季銷售額分析產品別` ( `母公司` )

`單位:新台幣佰萬元`

Business U date - At the To of Innovation p p

`營運現況` - ROM

 ROM Business

 `客戶主機產品週期已過高峰期`

`營運現況` - NOR

 NOR Business

`車用的最佳` Flash Memory `解決方案`

 Auto business

`營運現況` – NOR `應用別分析` ( `母公司` )

4Q23 NOR Revenue Breakdown 1Q24 NOR Revenue Breakdown

AI assistant

Macronix — Investor Presentation 2024

52013_rns_2024-05-30_60efba89-9f29-431b-8c57-1a60d5ac0a15.pdf

免責聲明

1Q24 營運概況

1Q24 合併綜合損益比較表

營收及毛利率

公司價值

股東權益報酬率 (GAAP)

Sales / Total Assets 63% 184% 33% 2017 2018 2019 2020 2021 2022 2023 1Q24 (LTM)

1Q24 合併簡明資產負債表

自由現金流量及資本支出

* 現金淨變動包含匯率變動之影響數

- 第一季銷售額分析 產品別 ( 母公司 )

單位:新台幣佰萬元

Business U date - At the To of Innovation p p

營運現況 - ROM

 ROM Business

 客戶主機產品週期已過高峰期

營運現況 - NOR

 NOR Business

車用的最佳 Flash Memory 解決方案

 Auto business

營運現況 – NOR 應用別分析 ( 母公司 )

4Q23 NOR Revenue Breakdown 1Q24 NOR Revenue Breakdown

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1Q24 `營運概況`

1Q24 `合併綜合損益比較表`

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`公司價值`

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 `客戶主機產品週期已過高峰期`

`營運現況` - NOR

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`營運現況` – NOR `應用別分析` ( `母公司` )